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Regional Management Corp. a diversified specialty consumer finance company, announced the expansion of its operations to Georgia, its eighth U.S. state, with the opening of a new AutoCredit Source (ACS) branch in Atlanta.
The company also announced the recent opening of a new AutoCredit Source branch in Austin, Texas.
Collectively, ACS Atlanta and ACS Austin represent the fifth and sixth ACS branches in major metropolitan markets, following the successful launch of ACS branches in Charlotte, Dallas-Fort Worth, Houston and San Antonio.
Automobile lending currently represents approximately 42 percent of Regional's overall lending dollar asset base, and indirect auto lending currently encompasses approximately 15 percent of Regional's total auto lending asset base.